YoursTruly
Platinum Member
- Dec 21, 2019
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Saddam didn't have WMD. What they did have was a threat to trade their oil in Euro's, instead of the USD. The WMD excuse was a lie. We all know that now. But it was the excused that allowed an invasion that overthrew Saddam and prop up a pro USD government.
Well, that's exactly what's going on in Russia right now. All the other excuses and propaganda about how Putin is a brutal dictator, how mean he is, is just propaganda. Fact is, no one cares how good or bad the people in Russia have it. We wouldn't even care if Russia was still a communist nation. (Which is not, because Putin is not pro-communism)
Like Saddam, Russia is threatening to drop the USD.
“Well, ideally we would prefer not to move away from the dollar as it is an international currency used for settlements,” Novak told CNBC’s Hadley Gamble at the St. Petersburg International Economic Forum, according to a translation.
Well, that's exactly what's going on in Russia right now. All the other excuses and propaganda about how Putin is a brutal dictator, how mean he is, is just propaganda. Fact is, no one cares how good or bad the people in Russia have it. We wouldn't even care if Russia was still a communist nation. (Which is not, because Putin is not pro-communism)
Like Saddam, Russia is threatening to drop the USD.
Russia Sold $5 Billion in May as Part of Oil Fund Dollar Dump
- Finance Ministry plans to cut fund’s dollar holdings to zero
- Bulk of money converted to yuan; $1 billion changed to euros
Russia to consider ditching dollar-denominated oil contracts if faced with more U.S. sanctions
Russian Deputy Prime Minister Alexander Novak on Thursday said the oil and gas-rich country may soon be tempted to move away from U.S. dollar-denominated crude contracts if President Joe Biden’s administration continues to impose targeted economic sanctions.“Well, ideally we would prefer not to move away from the dollar as it is an international currency used for settlements,” Novak told CNBC’s Hadley Gamble at the St. Petersburg International Economic Forum, according to a translation.